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The VO Chidambaranar Port Trust, Tuticorin, has issued a letter of intent (LI) for grant of licence for deployment of floating cranes at the port’s water limits for 10 years for handling cargo in vessels at the anchorage, transport of cargo through barges and handling cargo at shore. In a release, the port trust said the Chairman S Anantha Chandra Bose issued the LI to Seaport Logistics, Tuticorin, on the basis of a 50 per cent gross revenue share. The project envisages deployment of one floating crane of 35 tonnes capacity initially and additional crane when the demand increases.
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